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by the accountant of the annual budget and all ongoing or upcoming capital projects; votes on items that require
of Spark Super, which was founded in 2012. “Every building has a budget and buildings are not robotic, so
, the property manager, says it came in right on budget, at $168,000, which was paid out of the reserve fund
’t feel any pain. For good measure, the total cost was $44,650, which was right on budget. Varsalona has
as a project manager, understands that many budget-conscious co-op and condo boards are terrified by the cost
budgeted at $5.2 million. So in October 2019 the board levied a $6 million assessment to be spread over
. While individual shareholders don’t touch the money, the co-op’s budget gets an infusion, theoretically
th. Property taxes are probably the single largest component of every co-op's budget. So in order
might demand an ancillary fee – either a percentage of the project’s budget or an hourly fee. Khandros
when a Local Law 11 facade project ran way over budget. For good measure, Investors Bank, holder

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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